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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Nigeria: Excess Crude Oil - Court gives FG ultimatum to ratify agreement

Posted on 20 January 2010

From Allafrica.com: Supreme Court of Nigeria yesterday gave the Federal Government till March 18, 2010 to ratifyan agreement reached with aggrieved states of the Federation in the legal battle instituted by the states over Excess Crude Account.

The states have also increased from the initial 20 to 30 as at January 14, 2010 when they wrote a letter to the Minister of Finance Mansur Mukhtar conveying their disappointment on the Federal Government’s non-challant approach to the agreement……………………………….Full Article: Source

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